HRA Moves to Assign Aeon Affordability Loan Agreements
City of BloomingtonCity · Bloomington, MN- Disclosed value
- $12,500.00 (Cedar Glen Loan); $12,500.00 (Cedar Gate Loan); $12,500.00 (Metropolitan Loan)
- From agendapacket
- Document date
- Aug 25, 2026
The 30-second brief
The HRA is asked to approve a resolution transferring existing 2017 affordability loan agreements and subordination agreements for Cedar Glen, Cedar Gate, and Metropolitan Towers from Aeon’s borrower entities to new asset management companies. Upon execution, Aeon’s entities will be released from future obligations while affordability at 60% AMI is maintained.
AEON holds this financial services contract with City of Bloomington. Its other public contracts on record include work for San Mateo County Office of Education and Ramsey County.
Term as filed: Loan Agreements dated October 31, 2017, with ongoing affordability covenants at 60% AMI.
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Contract details
- Contract type
- Financial Services
- Amount
- $12,500.00 (Cedar Glen Loan); $12,500.00 (Cedar Gate Loan); $12,500.00 (Metropolitan Loan)
- Document date
- August 25, 2026
- Term
- Loan Agreements dated October 31, 2017, with ongoing affordability covenants at 60% AMI
- Vendor
- AEON
- Agency
- City of Bloomington
- Source document
- Housing and Redevelopment Authority Agenda Packet 2026-08-25 (AgendaPacket)
AEON's other public contracts
More City of Bloomington contracts
Questions about this contract
Who was awarded the financial services contract by City of Bloomington?
AEON was awarded this financial services contract by City of Bloomington, as recorded on August 25, 2026. The contract value is $12,500.00 (Cedar Glen Loan); $12,500.00 (Cedar Gate Loan); $12,500.00 (Metropolitan Loan).
How much is the AEON contract with City of Bloomington worth?
The AEON contract with City of Bloomington is valued at $12,500.00 (Cedar Glen Loan); $12,500.00 (Cedar Gate Loan); $12,500.00 (Metropolitan Loan), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Housing and Redevelopment Authority Agenda Packet 2026-08-25 (AgendaPacket), dated August 25, 2026 from City of Bloomington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does AEON hold?
AEON may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Bloomington currently buying?
Explore City of Bloomington's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.